Indian shares poised for weekly gains on hopes of US-Iran peace deal

HDFC Life Insurance

17/04/2026 07:04

** India's Nifty 50 .NSEI, BSE Sensex .BSESN rise 0.3% each, poised for second straight weekly gains on hopes of de-escalation in the Iran war ahead of peace talks

** Both Nifty, Sensex up about 1% for the week, following a 6% jump last week on U.S.-Iran ceasefire

** A 3% drop in Wipro WIPR.NS and HDFC Life HDFL.NS on lackluster quarterly results caps benchmark gains

** Thirteen of 16 major sectors advance on the day, the broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 rise about 0.8% each

** A 10-day ceasefire between Lebanon and Israel went into effect on Thursday; U.S. President Donald Trump says next U.S.-Iran meeting may take place over the weekend

** Other Asian markets .MIAPJ0000PUS drop 0.8%, but set for weekly gains ahead of U.S.-Iran negotiations MKTS/GLOB

** Brent crude LCOc1 trades below $100 a barrel; lower prices are positive for the world's third-largest oil importer, India O/R

** Among stocks, cigarettes maker VST Industries VSTI.NS jumps 15% and brokerage Angel One ANGO.NS gains 3.3% on upbeat quarterly results

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))